SoFi Becomes First Chartered Bank in the U.S. To Offer Crypto Trading for Retail Customers

SoFi has announced the roll out of SoFi Crypto, becoming the first nationally chartered U.S. bank to allow the trading of cryptocurrency on its platform. Retail customers can now buy, sell and hold Bitcoin, Ethereum, Solana, and dozens of other top crypto coins directly on the SoFi platform. 

SoFi Bank Now Offers Crypto Trading

On Tuesday, SoFi Technologies, the popular fintech bank, announced the launch of crypto trading for its retail customers. The service SoFi Crypto makes SoFi the first and only nationally chartered bank in the United States where consumers can trade cryptocurrencies on an integrated banking platform. 

With SoFi Crypto, retail customers can now bank, borrow, invest, buy, sell and hold crypto on SoFi. The move is an answer to the growing crypto adoption, and SoFi CEO Anthony Noto said that the crypto trading feature is live for retail members now, with institutional access coming soon. 

Noto explained that SoFi can now offer crypto trading thanks to its national charter and regulatory clarity from the Office of the Comptroller of the Currency (OCC). According to Noto, this is “the best license a company can have” to offer crypto and blockchain services in the U.S.

SoFi Empowers Customers for Confident Crypto Trading

Retail customers of SoFi now have access to trading Bitcoin, Ethereum, Solana and dozens of other leading crypto coins by market cap. Since the feature is built in the SoFi platform, users can manage their crypto alongside their standard banking, borrowing, and investing.

SoFi has also included in-app education and step-by-step guidance on crypto trading to make the feature more accessible to first-time buyers. The feature will be rolled out in phases, with a wait‑list system in place. The service will become available to more SoFi users over the coming weeks. SoFi plans to make the feature available to its 12.6 million customers before the end of 2025.

They will be able to make withdrawals using their SoFi Money Checking and Savings accounts. These are deposits guaranteed by the FDIC. They do not need to remit money to a new account. Users will have the opportunity to buy crypto at any time they wish.

In addition, their cash also generates interest in their bank account when they are not trading. Everything is on a single app. Members have the ability to manage crypto and their daily banking, loans, and investments easily.

Regulatory Shift Sponsoring the Growing Crypto Adoption

The launch of SoFi Crypto comes amidst growing regulatory clarity in financial institutions operating in the U.S., dealing with digital assets. Recent regulations issued by the Office of the Comptroller of the Currency (OCC) in 2025 have permitted chartered banks to consider crypto custody, trading, and settlement services within some compliance models.

The GENIUS Act, passed by President Trump in July, has also set the stage for growing crypto adoption. Some of the largest U.S. banks such as Charles Schwab (SCHW), Morgan Stanley (MS), and super regional lender PNC (PNC) are set to imitate SoFi and launch crypto trading to retail customers in the coming months.